SOL / TetherUSLong
SOL / USDT Trade setup 11 december 2021
Updated
This is the stetup I'm going with for Solana in the coming days
The RSI is at overbought at the moment so I think it's possible to see a pullback towards the lower support again. I will enter a position there. I think we could see a bounce back from there and at the top of the box I will close my position. I don't think we are going to see a big run up in the remainder of 2021 so I'm looking at small trades now.
On the 4 hour timeframe the RSI indicator is showing a bottom right now just like the daily timeframe this makes me believe we aren't going any lower for the time being and just consolidate sideways for now.
ENTRY 165 - 160$
TP 180 - 172$
SL around -2% of entry
The RSI is at overbought at the moment so I think it's possible to see a pullback towards the lower support again. I will enter a position there. I think we could see a bounce back from there and at the top of the box I will close my position. I don't think we are going to see a big run up in the remainder of 2021 so I'm looking at small trades now.
On the 4 hour timeframe the RSI indicator is showing a bottom right now just like the daily timeframe this makes me believe we aren't going any lower for the time being and just consolidate sideways for now.
ENTRY 165 - 160$
TP 180 - 172$
SL around -2% of entry
Trade active
Entry zone is hit trade is active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.